Short Interest in Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Drops By 58.0%

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 5,668 shares, a drop of 58.0% from the July 15th total of 13,493 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 60,714 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily NFLX Bear 1X Shares Stock Performance

NASDAQ NFXS traded up $0.08 on Friday, hitting $19.60. 3,814 shares of the stock were exchanged, compared to its average volume of 55,095. The business’s fifty day moving average is $20.67 and its 200 day moving average is $18.77. Direxion Daily NFLX Bear 1X Shares has a 52 week low of $13.29 and a 52 week high of $23.28.

Direxion Daily NFLX Bear 1X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.1489 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.60 annualized dividend and a dividend yield of 3.0%.

Institutional Trading of Direxion Daily NFLX Bear 1X Shares

Institutional investors and hedge funds have recently bought and sold shares of the business. StoneX Group Inc. bought a new position in shares of Direxion Daily NFLX Bear 1X Shares during the 2nd quarter worth approximately $189,000. IMC Chicago LLC bought a new stake in Direxion Daily NFLX Bear 1X Shares in the 4th quarter valued at $351,000. Optiver Holding B.V. lifted its holdings in Direxion Daily NFLX Bear 1X Shares by 33.8% during the 1st quarter. Optiver Holding B.V. now owns 35,084 shares of the company’s stock valued at $575,000 after purchasing an additional 8,854 shares during the last quarter. Jane Street Group LLC acquired a new stake in Direxion Daily NFLX Bear 1X Shares during the 1st quarter valued at $655,000. Finally, Wakefield Asset Management LLLP acquired a new stake in Direxion Daily NFLX Bear 1X Shares during the 4th quarter valued at $990,000.

Direxion Daily NFLX Bear 1X Shares Company Profile

The Direxion Daily NFLX Bear 1X Shares (NFXS) is an exchange-traded fund that mostly invests in communication services equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Netflix stock. NFXS was launched on Oct 3, 2024 and is issued by Direxion.